What is Virtu Financial's foreign operations?

Virtu Financial (VIRT) reported foreign operations of 5.2% in Q4 2024.

What does foreign operations mean?

This metric represents the portion of the effective income tax rate reconciliation attributable to earnings generated in foreign jurisdictions. It highlights the impact of international tax differentials and cross-border tax structures on the company's overall tax burden. Investors use this to assess the tax efficiency of global operations and exposure to foreign tax policy changes.

Virtu Financial VIRT Foreign operations

Foreign operations at other companies

3MMMM

5%+2.9pp

TFX

TeleflexTFX

-66.6%-70.0pp

Charles River LaboratoriesCRL

11.1%+9.6pp

ALH

Alliance Laundry Holdings Inc.ALH

-0.9%-0.3pp

Trex CompanyTREX

0%—

Proto LabsPRLB

-3.7%-15.5pp

Other financials

Income statement

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Revenue$1.1B+30.7%

Net income$182.3M+82.9%

EPS (diluted)$1.99+84.3%

Balance sheet

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Cash & equivalents$1.0B+33.6%

Total debt$2.3B+15.8%

Total equity$1.7B+32.5%

Total assets$25.1B+43.1%

Cash flow

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Operating cash flow-$149.0K-101%

CapEx$5.6M-2.2%

Free cash flow-$5.8M-162%

Valuation

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Market cap$5.52B+15.4%

Profitability

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Net margin14.2%+3.7pp

FCF margin12.4%-20.0pp

Returns & leverage

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Return on equity36.2%+10.8pp

Debt / equity1.3×-0.2×

Where this comes from

Reported directly by Virtu Financial in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

The official record: Virtu Financial’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Virtu Financial's foreign operations?: Virtu Financial (VIRT) reported foreign operations of 5.2% in Q4 2024.
What does foreign operations mean?: This metric represents the portion of the effective income tax rate reconciliation attributable to earnings generated in foreign jurisdictions. It highlights the impact of international tax differentials and cross-border tax structures on the company's overall tax burden. Investors use this to assess the tax efficiency of global operations and exposure to foreign tax policy changes.